<\/span><\/h2>\n\n\n\nThough this cryptocurrency came in the same year as Ethereum, it took some time to blow up. Since Ethereum was used by everyone, this cryptocurrency did get the limelight. It started surfacing when a popular online businessman stated the ease of use.\u00a0\u00a0<\/p>\n\n\n\n
This was the same time when Ethereum faced a major bag log.\u00a0 Some of the Russian hacks bypassed the security code of Ethereum and stole more than 50 million dollars. The news broke on the internet and people started selling Ethereum. This created the way for chainiste.\u00a0<\/em><\/strong><\/p>\n\n\n\n<\/span>Key features of chainiste <\/em><\/strong><\/span><\/h2>\n\n\n\nWe are going to break key features of this cryptocurrency into three main points so that you can understand the digital currency in full detail. <\/p>\n\n\n\n
<\/span>Security <\/span><\/h2>\n\n\n\nAfter the failure of Ethereum, the developers of this currency secured a two-way encryption method with passkeys and timestamps making it extremely difficult to hack. So if you are concerned with security, you don’t need to be.<\/p>\n\n\n\n
<\/span>Decentralization <\/span><\/h2>\n\n\n\nThe decentralization method works great with this cryptocurrency. This means whenever you want to do an online transaction with the help of chainiste , you will get a particular code which you have to say to the member that you are sending money to. If the code gets rejected, then the transaction gets rejected too. <\/p>\n\n\n\n
<\/span>Consensus Mechanisms <\/span><\/h2>\n\n\n\nThink like this as standard hygiene protocol for a 5 star restaurant. This goes the same for blockchain networks too. All blockchain networks follow a standard cord and protocols that need to be accepted by all members for the transaction to happen. <\/p>\n\n\n\n
<\/span>Future of Chainiste <\/span><\/h2>\n\n\n\nPicture this as a payment gateway where payments are processed. For instance you have all used Venmo right? That is a payment gateway where money can be sent and received. This means venmo is the payment gateway that validates your payments.\u00a0<\/p>\n\n\n\n
<\/span>How chainiste\u00a0 is changing the medical history<\/em><\/strong>?<\/span><\/h2>\n\n\n\nWhen this cryptocurrency came into existence everything changed. With the help of this crypto currency they were able to issue a health token and payment token. This token had the medical history of all the patients and their behaviors. So the doctor used to take the token number and instantly could find the medical history of the patient. In addition, with the help of a payment token, you were to pay your medical bills. So that’s how everything changed with this crypto. <\/p>\n\n\n\n
<\/span>Misconception of chainiste <\/span><\/h2>\n\n\n\nThe most rumored misconception today is that this crypto will suffer the same fate as Ethereum which came out great but had a fall due to its security issues. This is a very rare possibility with this cryptocurrency because it has new and advanced systems that would make it very hard to break.\u00a0<\/p>\n\n\n\n
<\/span>Real-world industry using Chainiste\u00a0<\/span><\/h2>\n\n\n\nBesides the healthcare industry mentioned above, this cryptocurrency is being used in financial services, energy trading, and digital identities.\u00a0 Stock exchanges use this to maintain their stocks, the government uses it to maintain their identity and the energy trading companies use this to automate settlements.\u00a0<\/p>\n\n\n\n
<\/span>Comparison to other cryptocurrencies<\/span><\/h2>\n\n\n\nEvery crypto is nice, but not all are secure. Yes! They follow standard protocols, but there is a security issue that can be hackable. This new cryptocurrency doesn’t allow that to happen, as the security is filled with new-age technology.<\/p>\n\n\n\n